Helix Partners with Bangor Savings Bank to Expand its Banking as a Service Capabilities

Core Insights - Helix has partnered with Bangor Savings Bank to enhance its Banking as a Service (BaaS) capabilities, aiming to improve operational efficiencies and expand access to innovative fintech collaborations [1][2][3] Company Overview - Bangor Savings Bank, founded in 1852, has over $7 billion in assets and has been developing its BaaS program to provide tailored solutions for fintech companies [2] - Helix by Q2 is recognized for its cloud-native core designed for embedded finance, which will support Bangor Savings Bank in delivering innovative financial solutions [1][4] Partnership Details - The partnership allows Bangor Savings Bank to leverage Helix's proven success in powering fintech programs, enhancing operational efficiency, and driving automation [3] - Bangor Savings Bank selected Helix due to its experience, reliability, and tools necessary for expanding BaaS offerings [3][4] Strategic Goals - The collaboration aims to create cutting-edge financial experiences for customers and businesses across the U.S. by combining Helix's technology with Bangor Savings Bank's community-first values [3][4] - Helix's platform provides essential banking components such as accounts, cards, payments, and data controls, facilitating the integration of personalized financial experiences [8]